“Industry super funds are particularly well-equipped to deal with short-term shocks to world equity markets because of their investments in infrastructure, property, cash, and other unlisted assets.”

It also warned investors could risk crystallising their losses if they opted to make changes to their portfolio at this volatile time and should remember superannuation was a long-term holding.

During the Global Financial Crisis, savers who exited their holdings from an average balanced industry superfund and went into cash instead were $4,000 worse off after three months and $34,800 worse off after five years, it said.

“If members think about their investment in the long-term what has happened this week will not make much difference to super balances in the 20 years or longer when they start to think about retiring.

“Those planning to access their super soon may not have time to ride out the market volatility and should seek advice on how to limit any losses.

Chief executive of ISA, Bernie Dean, likened the action to holding off on selling a house during a downturn.

“People avoid selling their house during a property market slump because they are worried about making a loss, the same principle should be applied to changing your super fund or investment option immediately after a market drop,” he said.